Axis Bank cuts base rate by 0.20% to 9.95%

A day after leading Indian banks cut lending rates, private sector lender Axis Bank cut base rate by 0.20 percent to 9.95 percent. Major Banks, including the State Bank of India, HDFC and ICICI have announced cut in their lending rates after RBI Governor Raghuram Rajan expressed strong disappointmen...

RBI notifies hike in FDI cap in insurance sector to 49 pc

The Reserve Bank has notified government's decision to raise foreign direct investment (FDI) limit in the insurance sector to 49 per cent. In a notification issued in Mumbai yesterday, RBI said the extant FDI policy for insurance sector has since been reviewed and further liberalised. With ...

SEBI ups limit for currency derivatives trades to $15 mn

Capital market regulator Sebi has raised the transaction limit in exchange traded currency derivatives to 15 million US Dollars, from 10 million dollars previously, for both foreign and domestic investors without having any underlying exposure. The Securities and Exchange Board of India in a circula...

Need to create framework to fight cyber attacks on markets: SEBI<br/>

SBI, ICICI bank, HDFC bank cut lending rates

Major Banks, including the State Bank of India, HDFC and ICICI have announced cut in their lending rates after RBI Governor Raghuram Rajan expressed strong disappointment over non-transmission of policy rates. India&apos;s biggest lender, the State Bank of India has lowered its base lending rate...

Axis Bank cuts base rate by 0.20% to 9.95%

A day after leading Indian banks cut lending rates, private sector lender Axis Bank today cut base rate by 0.20 percent to 9.95 percent. Major Banks, including the State Bank of India, HDFC and ICICI have announced cut in their lending rates after RBI Governor Raghuram Rajan expressed strong disappo...

EPFO updates 15.54 cr PF accounts for 2014-15 on Apr 1

The Labour Ministry has said that Retirement fund body has achieved a milestone in the process of digitising its operations by updating 15.54 crore Provident Fund accounts for 2014-15 in a day. An official release said, it has happened in the history of Employees&apos; Provident Fund Organisatio...

RBI survey pegs 2015-16 Growth at 7.9%

A survey sponsored by the Reserve Bank has projected the economic growth rate at 7.9 per cent for the current fiscal, up from 7.5 per cent in 2014-15. The RBI&apos;s Professional Forecasters on Macroeconomic Indicators said that in 2015-16, Gross Value Added at basic price is expected to increas...

RBI keeps policy rates unchanged; Major banks announces cut in lending rates

RBI keeps Repo rate, CRR, SLR unchanged in bi- monthly review